Filed August 22, 2016 (most recent of 9 filings on file)
| Provider | Service type | Compensation |
|---|---|---|
EPLAN ADVISORS, LLC1+ years Filed as: EPLAN ADVISORS LLC Service code 17 · EIN 81-1543749 | Pension Consulting | $13,290 |
WELLS FARGO BANK, N.A.1+ years Filed as: DAVID S COHEN WELLS FARGO ADVISORS Service code 61 3424 PEACHTREE RD NE · ATLANTA, GA 30326 | Finders' fees / placement fees | $12,444 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Participant contribution per participant is in the bottom quintile of the peer cohort.
Annual investment return is in the bottom quintile of the peer cohort.
More than 10% of assets are held in cash - possible menu-design or default-fund problem.
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $29,683 | $57,108-48.0% | $94,229-68.5% | $52,331-43.3% |
| Participation rate | 52.9% | 72.9%-20.0pp | 78.8%-25.8pp | 68.1%-15.2pp |
| Annual return | -2.75% | 1.47%-4.2pp | 10.68%-13.4pp | 4.54%-7.3pp |
| Employer contribution / active EE | $897 | $1,735-48.3% | $3,587-75.0% | $1,882-52.4% |
| Participant deferral / active EE | $1,398 | $3,040-54.0% | $4,320-67.6% | $3,022-53.7% |
| Admin fee / account holder | $174 | $546-68.1% | $6,269-97.2% | $592-70.6% |